Wall Street close watch | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NY Close vs GMT Close 6 replies

How to close order on BAR close? 6 replies

Need help!! Close order on this bar close 5 replies

Seeking Correct Open/Close - It's Close but ... 0 replies

which pairs to watch at which open/close 5 replies

Attachments: Wall Street close watch
Exit Attachments

Wall Street close watch

  • #501
  • Apr 15, 2008 2:24pm Apr 15, 2008 2:24pm
What good has any fed done for the U.S. since their existence?
Check Mate GAME OVER
  • #502
  • Apr 15, 2008 2:38pm Apr 15, 2008 2:38pm
Quoting merlin
volcker has a lot of nerve saying something like that, if it is indeed true that he said it

bennyboy is not going anywhere. the subprime crisis was created by greenspan, benny was the lucky kid who inherited the fortune.

btw, it always eerks me when people trash talk the fed chief (even when the trash talking is coming from a former fed chief LOL). benny doesnt control the economy, nor could he if he wanted to. he is only there to steer us in the right direction, which he is doing. when people belittle him it shows how egotistical they are by thinking they know more than the man at the helm, imho.
I think GE is a good barometer that more then just sub prime is at risk. I think the Street will catch on to this and cause DA FED to jump in the ring again. Maybe this time it won't be on a Sunday...

We are on a path right now and often trying to fix things will only protract the unenviable and increase the sorrows and woes...

Tough time to be holding stocks outside of commodities. Many say commodities are now in a bubble... I think not. In fact I think they are just getting started.
Check Mate GAME OVER
  • #503
  • Apr 15, 2008 4:21pm Apr 15, 2008 4:21pm
Friend of mine shuttles between Bangkok, Bali and Manilla. Apparently he was witness to quite a number of incidents involving rice. Commodities are not in a bubble at all, we(Americans) are in a bubble.
Patience + Humility + Study = Success
  • #504
  • Apr 15, 2008 4:24pm Apr 15, 2008 4:24pm
First it was Equities, then Real Estate. Next IMO it will be Commodities turn to tumble.

If our recession is deep, as I expect anyway, then China and everyone else will slow dramatically. And that in turn will bring Crude and most everything else down too.
  • #505
  • Apr 15, 2008 4:51pm Apr 15, 2008 4:51pm
Quoting SunTrader
First it was Equities, then Real Estate. Next IMO it will be Commodities turn to tumble.

If our recession is deep, as I expect anyway, then China and everyone else will slow dramatically. And that in turn will bring Crude and most everything else down too.
Good point, but you think that demand will necessarily slow dramatically? I mean people have to still eat, drive, fly, etc? right? So it's possible that price comes down as spec money comes out, but demand still remains robust?
Patience + Humility + Study = Success
  • #506
  • Apr 15, 2008 5:21pm Apr 15, 2008 5:21pm
Looks to me like it's just not China:

Biggest grain exporters halt foreign sales
By Javier Blas in London, Isabel Gorst in Moscow and Lindsay Whipp in Tokyo
Published: April 15 2008 19:04 | Last updated: April 15 2008 21:31
The global food crisis intensified on Tuesday as Kazakhstan, one of the world’s biggest wheat exporters halted foreign sales and rice prices shot to a record high after Indonesia stopped its farmers from selling the grain abroad.

In another sign of turmoil, a big food company in Japan, Nihon Shokuhin Kako, said high corn prices had forced it to buy cheaper genetically modified corn for the first time, breaking a social, though not legal, taboo and signalling that opposition to GM foods could weaken in the face of record food prices.

Meanwhile, fresh wheat export curbs in Kazakhstan, the world’s fifth largest exporter, and the rice bans in Indonesia, threaten to trigger bans in other food exporting countries, which will now face much higher demand from importing countries.

Hussein Allidina, at Morgan Stanley in New York, said pressure for export bans was likely to increase elsewhere as developing countries suffering high inflation tried to combat rising local prices by cutting back on exports of agriculture commodities.

Indonesia – which joins Vietnam, Egypt, China, Cambodia and India in banning foreign sales – was expected to export the grain this year due to a bumper crop. Corn futures prices in Chicago last week hit a record $6.16 a bushel, up 30 per cent in the past three months.

Indonesia’s export ban boosted the price of rice futures in Chicago to a all-time high of $22.17 per 100 pounds, up 63 per cent since January. Wheat prices moved higher to $9.11 a bushel and traders warned prices could rise further as the Kazakhstan ban together with restrictions in Russia, Ukraine and Argentina have closed a third of the global wheat market.

Copyright The Financial Times Limited 2008
Patience + Humility + Study = Success
  • #507
  • Apr 15, 2008 6:23pm Apr 15, 2008 6:23pm
Quoting DutchTrader
Good point, but you think that demand will necessarily slow dramatically? I mean people have to still eat, drive, fly, etc? right? So it's possible that price comes down as spec money comes out, but demand still remains robust?
People don't have to do anything, if they don't have the money to pay for it. And that includes eating. Famines have existed forever unfortunately.

Until the US is no longer the engine that drives the world economy, it is as we go - the world goes.
  • #508
  • Apr 15, 2008 7:33pm Apr 15, 2008 7:33pm
Quoting SunTrader
Until the US is no longer the engine that drives the world economy, it is as we go - the world goes.
I believe your watching history in the making as per US losing the driving force!
Check Mate GAME OVER
  • #509
  • Apr 15, 2008 8:04pm Apr 15, 2008 8:04pm
Quoting bunton
I believe your watching history in the making as per US losing the driving force!
Maybe.
  • #510
  • Apr 16, 2008 7:47am Apr 16, 2008 7:47am
Quoting bunton
What good has any fed done for the U.S. since their existence?
Before the Fed was made, financial crises were every few years. What the Fed had managed is to make crises rarely, but more concentrated
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #511
  • Apr 16, 2008 9:32am Apr 16, 2008 9:32am
Speaking opf crisis: well I guess THAT crisis is over!

That 17 year housing low we just made just confirms it: everything's picking up again, even the descent speed!

Global Economic Outlook Improved in April, Led by U.S., Asia
http://www.bloomberg.com/apps/news?p...nK4&refer=home

Stock Pessimism Fades in U.S., U.K., Japan as Banks Raise Funds
http://www.bloomberg.com/apps/news?p...cXA&refer=home
Trust price. Know yourself.
  • #512
  • Apr 16, 2008 10:40am Apr 16, 2008 10:40am
Quoting SeekingLight
Speaking opf crisis: well I guess THAT crisis is over!

That 17 year housing low we just made just confirms it: everything's picking up again, even the descent speed!

Global Economic Outlook Improved in April, Led by U.S., Asia
http://www.bloomberg.com/apps/news?p...nK4&refer=home

Stock Pessimism Fades in U.S., U.K., Japan as Banks Raise Funds
http://www.bloomberg.com/apps/news?p...cXA&refer=home
Party on!!
Patience + Humility + Study = Success
  • #513
  • Apr 16, 2008 1:38pm Apr 16, 2008 1:38pm
Quoting bunton
What good has any fed done for the U.S. since their existence?
LOL!!!

are you asking this in a "ron paul fanatic" sort of way? or do you actually understand the history of the fed and truely think the fed is unneccesary from an economic standpoint? :
Relax and be happy.
  • #514
  • Apr 16, 2008 1:40pm Apr 16, 2008 1:40pm
Quoting SunTrader
First it was Equities, then Real Estate. Next IMO it will be Commodities turn to tumble.

If our recession is deep, as I expect anyway, then China and everyone else will slow dramatically. And that in turn will bring Crude and most everything else down too.
you make a very good point here. but i think we could see another equity crash before the commodities take their turn. the equities crash would even grease the slide for the commodities
Relax and be happy.
  • #515
  • Apr 16, 2008 2:01pm Apr 16, 2008 2:01pm
Quoting merlin
the equities crash would even grease the slide for the commodities
oh, totally. more and more things look pretty intertwined. traders look at everything and cone one thing starts slipping, the other thing goes with it.. I mean, just look at how dollar and crude synch up. its amazing.
  • #516
  • Apr 16, 2008 2:35pm Apr 16, 2008 2:35pm
Quoting digitil
I mean, just look at how dollar and crude synch up. its amazing.
Well even if the item in demand remains identical demand wise, if the currency exchanged for it falls then it obviously will take more to achieve identical valuation. That's just math

However in Oil's case valuation actually also came parallel in EUR value e.g., so it's become more expensive for "everyone" (yes I know America + EU isn't "everyone", it's a simplified example).

I'd say it's simply mostly speculative interest and momentum at some point pushing a trend on, regardless of all this peak oil and whatnot stuff. I'm aware of all the consumption data etc, but fact to me is that the way it's shoved around on my chart has a pattern.
Personal opinion only of course.

I blame squiggly lines.
Trust price. Know yourself.
  • #517
  • Apr 16, 2008 4:33pm Apr 16, 2008 4:33pm
hey guys, 2 years ago i remember one big gold crash in may, and sell on may and go away is close, might have something to do with as well, and interesting, how opec was decresing production at 50s level,...and now they dont wona hear anything about that, like its not their concern...i think the peak will happen soon, i can feel it...warm weather + week before holidays, will start bring it down....
its just money
  • #518
  • Apr 16, 2008 6:01pm Apr 16, 2008 6:01pm
Quoting merlin
LOL!!!

are you asking this in a "ron paul fanatic" sort of way? or do you actually understand the history of the fed and truely think the fed is unneccesary from an economic standpoint? :
I never herd of Ron Paul until his run for office. I would only look at what has happened to the dollar since the FeD arrived on the seen. Or just look since the earlier 70's,80's,90's. Some track record IMO...
Check Mate GAME OVER
  • #519
  • Apr 16, 2008 6:18pm Apr 16, 2008 6:18pm
So someone please educate me as to what the FED is responsible for, and also who do they report to?
Check Mate GAME OVER
  • #520
  • Apr 16, 2008 6:26pm Apr 16, 2008 6:26pm
I often wonder if the main job of the fed is to prevent panic and print more bills. Gee how does that sound?

Wally Street for the most part are a bunch of crooks as well. They pump shit at you with bogus info. they would take your last dime...

((In the last two to three years, the lies, deception, misdirection, false reporting, corruption, and grand fraud will be the topic of historical accounts for decades. written by Jim Willie))
Check Mate GAME OVER
0 traders viewing now